Abbreviation (L)

Description

L/A

Lloyds Agent.

L/C

Letter of Credit-The Basis of Int'l Trade as Payment is Made Against Surrender of Specified Documents, Referred to as Documentary Letter of Credit.

L&D

Loss and Damage.

L/I

Letter of Indemnity- A Letter Used to allow Consignee to Take delivery of goods without Surrendering Bill of Lading which has been Delayed or Lost.

L.T

Local Time.

L/T

Liner Terms.

L&U

Loading and Unloading.

LASH

Lighter Aboard ship- A Ship Discharge it's Cargo in Lighters and not Directly Through Terminal Cranes.

Lashing

Fixing Cargo as Container for ex o/b Vessel Using Lashing Materials as Screw ,and Belt Fixing Tools.

LAT

Latitude.

LCL

Less than Container Load -( Groupage) I.e.Many Shippers Stuff Their Cargo in one Container.

LEG

Legal.

LEL

Lower Explosive Limit.

LEVY

Levy - A Charge Made on Imports, Exports to Cover the Difference Between World and EC Prices.

LFL

Lower Flammable Limit.

LIC

Local Import Control - Clearance at Receiver Facilities.

Liner

Liner Service is a regular Service on a Trade Route Between Fixed Ports of Call.

LIQ

Liquid.

LKG/BKG

Leakage and Breakage.

LNG

Liquefied Natural Gas.

LO/LO

Lift on / Lift off

LOA

Length Overall-of A Ship.

LOC

Location.

LONG

Longitude.

LPG

Liquefied Petrochemical Gas.

LSD

Landing, Storage and Delivery Charges.

LT

Letter Telegram.

LTA

Lighter Than Air.

LTGE

Lighterage.

LTR

Lighter.

LUMP

Lump Sum.